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The word “Foreclosure” has become common parlance these days, as countless panicked homeowners face the threat of losing their homes. Our country’s sunken job market has made the housing crisis even more acute, and thousands of families are feeling desperate and convinced they are without help .

However, they do have options available. Many American homeowners in distress have been able to retrieve foreclosure and regain financial stability with the help of a Mortgage Loan Audit .

            A forensic mortgage audit is, completed by a seasoned forensic mortgage auditor (FMA), is a complete review of all documentation pertaining to a home loan, including contracts, closing papers, payment statements and bills.

An FMA is trained to seek out any mistakes that may have been made throughout the lending process, any breaches of state or federal lending regulations, as well as any fake charges.

uncovered in 80% of Mortgage Loan Audits}.

Errors such as these can have severe legal consequences, making contracts invalid and lenders vulnerable to a lawsuit.   As a result, homeowners facing foreclosure have gotten thousands of dollars in refunds, and in many cases, the ability to negotiate with lenders for lower mortgage payments.

            The Mosbys of Miami, Florida enlisted the assistance of a forensic mortgage auditor after their house was foreclosed upon; his findings enabled the Mosbys to win their house back, mortgage-free, after taking their lenders to court under the Federal Truth and Lending Act.

While such dramatic results are not typical, mortgage loan audits have rendered over 80% of homeowners eligible for a refund of come kind, 11% in excess of $10,000. One borrower, for example, with the help of a mortgage loan audit, found that the bank had miscalculated his payments and owed him over $30,000. Another homeowner in Denver was refunded over $40,000 in overcharges as the result of his mortgage loan audit.

Every day, people on the brink of losing their homes watch their fortunes turn around completely as the result of a mortgage loan audit.

Homeowners feeling helpless in the face of foreclosure should know that they are not without options.

A suggested first step is to find an experienced FMA to conduct a mortgage loan audit; their assistance has given thousands of homeowners the help they need to save their homes

By uncovering discrepancies in at least 80% of loans, they can provide the legal leverage needed to bring mortgage lenders to the bargaining table. The danger  of losing one’s home can be stressful for anyone, but there is no need to shoulder the burden alone. Those seeking help no longer have to bear this shoulder this burden alone.

To learn more about the process of a mortgage audit click the following link –> Mortgage Audit